Wayne borrowed to purchase his son's hockey equipment. He made month-end loan payments of $74 for two years on a loan that charges interest at 8.4% com- pounded monthly. Roberto also borrowed to purchase his daughter’'s hockey equipment. He made loan payments of $244 at the end of each quarter for two years on a loan that charges interest at 6.4% compounded quarterly. What was the cash price of each of the sets of hockey equipment, and which parent paid less?

Wayne borrowed money to purchase his son's hockey equipment. He made month-end loan payments of $55 for two years on a loan that charges interest at 7.8% compounded monthly. Roberto also borrowed money to purchase his daughter's hockey equipment. He made loan payments of $188 at the end of each quarter for two years on a loan that charges interest at 7.2% compounded quarterly. What was the cash price of each of the sets of hockey equipment, and which parent paid less? The cash price for Wayne's son's hockey equipment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.).

Darla purchased a new car during a special sales promotion by the manufacturer. She secured a loan from the manufacturer in the amount of $23,000 at a rate of 4.7%/year compounded monthly. Her bank is now charging 6.1%/year compounded monthly for new car loans. Assuming that each loan would be amortized by 36 equal monthly installments, determine the amount of interest she would have paid at the end of 3 years for each loan. How much less will she have paid in interest payments over the life of the loan by borrowing from the manufacturer instead of her bank? (Round your answers to the nearest cent.) interest paid to manufacturer     $  interest paid to bank $  savings $

Elin purchased a used car for ​$9,500. She wrote a check for $2,000 as a down payment for the car and financed the $7,500 balance. The annual percentage rate​ (APR) is 3​% compounded​ monthly, and the loan is to be repaid in equal monthly installments over the next three years. Which of the following is most near to​ Elin's monthly car​ payment?